Loan Type: SBA 7a

Small Business Administration backed loans provide small business owners with more financing opportunities through higher leverage, flexible underwriting and lower down payment requirements.

SBA 7(a) loans are the most basic and popular Small Business Administration (SBA) business loans. The name "7(a)" comes from section 7(a) of the Small Business Act, which authorizes the SBA to provide financing for America's small businesses.

Summary:

Product Type:	Owner-Occupied SBA 7a
Property Type:	Community lending program to improve the locality for almost any business in the U.S.
Loan Amount (min/max):	$250,000 to $2MM
LTV (max):	90%
Amortization / Term:	20/20
Minimum FICO:	650
Minimum DSCR:	1.10x
Non-Eligible:	Ground Lease, Gas Stations, Churches
Cash-out:	N/A
Collateral:	Real Property

Full Program Guidelines

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Daily FHLB	3/5/10
Prime Rate	3.25%
90-day LIBOR	.25%
6-Month LIBOR	.38%
5-Year FHLB	3.07%
7-Year FHLB	3.85%
Weekly SWAP	3/5/10
5-Year SWAP	2.68%
7-Year SWAP	3.27%
10-Year SWAP	3.78%
Daily SWAP	3/5/10
2-Year SWAP	1.06%
5-Year SWAP	2.16%
10-Year SWAP	3.14%
Other Rates	3/5/10
SBA 504 Debenture Rate	5.55%
NMTC 25-Yr Fixed	7.1%